Canadian Tire Bank profile, discussions, and reviews

Website: https://www.myctfs.com/
Headquarters: Oakville, Ontario
Parent company: Canadian Tire (80%) and Scotiabank (20%)
Credit union? No
Available to Quebec residents? No
Founded in: 2003

Savings account rate history

GIC rate history

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Latest discussions about Canadian Tire Bank -- view all

Forum/Topic Started Last post Posts

Canadian Tire

Does the mailed, annual statement contain company logo, your full name, your entire account number?

April 28, 2021
9:04 am by
piggybank
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April 29, 2021
11:38 am by
piggybank
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3

Canadian Tire

Anyone here successfully linked their CanTire with Wealthsimple?

April 26, 2021
3:27 pm by
piggybank
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April 26, 2021
3:27 pm by
piggybank
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1

Canadian Tire

Need my HISA e-statement in PDF. (Trying to link my CTFS account with my Wealthsimple account.)

March 2, 2021
6:57 pm by
piggybank
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April 26, 2021
3:06 pm by
piggybank
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12

Canadian Tire

From the time you faxed CanTire your Direct Transfer authorization form, how long till the external account is linked?

March 8, 2021
9:46 am by
piggybank
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April 25, 2021
2:03 pm by
balanced_gic_porfolio
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12

Canadian Tire

Canadian Tire Bank HISA rate falls to 1.55%

April 7, 2021
5:30 am by
Norman1
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April 19, 2021
3:57 pm by
Dean
View

36

1 Review »

  1. Customer service: Rated 1 / 5 stars

    Account features:

    Interest rates (consistency and amount):

    Fees:

    Interface (online, telephone, in-person, etc.): Rated 1 / 5 stars

    How long have you banked with them?: I was completely unable to open an account

    Why do you bank with them?: I don't, because I simply couldn't get them to open an account without a physical cheque, which I haven't had for over a decade.

    What do you like about this bank / credit union?: Highest interest rate in Canada

    What could be improved about this bank / credit union?: They don't have any way to open an account without sending them a physical cheque from an existing account. If you don't have those (I haven't used a physical cheque in over a decade), it's not possible to open an account. This is in stark contrast to every other bank out there that can link your accounts entirely electronically. It is extremely odd to find an "online" bank, that operates 100% by mailing forms back and forth, and that can't figure out how to do anything electronically. It feels like it's 1994 all over again, only the rest of the world has moved on.

    General comments: Great idea, impossible implementation. I've never seen a bank that makes it this difficult to simply open an account.

    Review by Roger — April 20, 2021 @ 9:25 am

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